Using this information: ASSETS CURRENT ASSETS FEDEX CORPORATION CONSOLIDATED BALANCE SHEETS (IN MILLIONS) May 31, 2022 2021

Using this information:

  

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ASSETS CURRENT ASSETS FEDEX CORPORATION CONSOLIDATED BALANCE SHEETS (IN MILLIONS) May 31, 2022 2021 Cash and cash equivalents 6,897 S 7,087 Receivables, less allowances of $692 and $742 11,863 12,069 Spare parts, supplies, and fuel, less allowances of $360 and $349 Prepaid expenses and other 637 587 968 837 Total current assets Aircraft and related equipment Information technology 20,365 20,580 PROPERTY AND EQUIPMENT, AT COST 27,874 26,268 Package handling and ground support equipment 14,930 13,012 8,098 7,486 Vehicles and trailers 9,806 9,282 Facilities and other 14,567 14,029 Total property and equipment, at cost 75,275 70,077 Less accumulated depreciation and amortization 37,184 34,325 Net property and equipment 38,091 35,752 OTHER LONG-TERM ASSETS Operating lease right-of-use assets, net 16,613 15,383 Goodwill Other assets 6,544 6,992 4,381 4,070 Total other long-term assets 27,538 26,445 TOTAL ASSETS 85,994 S 82,777 ASSETS CURRENT ASSETS FEDEX CORPORATION CONSOLIDATED BALANCE SHEETS (IN MILLIONS) May 31, 2022 2021 Cash and cash equivalents 6,897 S 7,087 Receivables, less allowances of $692 and $742 11,863 12,069 Spare parts, supplies, and fuel, less allowances of $360 and $349 Prepaid expenses and other 637 587 968 837 Total current assets Aircraft and related equipment Information technology 20,365 20,580 PROPERTY AND EQUIPMENT, AT COST 27,874 26,268 Package handling and ground support equipment 14,930 13,012 8,098 7,486 Vehicles and trailers 9,806 9,282 Facilities and other 14,567 14,029 Total property and equipment, at cost 75,275 70,077 Less accumulated depreciation and amortization 37,184 34,325 Net property and equipment 38,091 35,752 OTHER LONG-TERM ASSETS Operating lease right-of-use assets, net 16,613 15,383 Goodwill Other assets 6,544 6,992 4,381 4,070 Total other long-term assets 27,538 26,445 TOTAL ASSETS 85,994 S 82,777

Answer rating: 100% (QA)

Heres a breakdown based on the provided information Current Assets Cash and cash equivalents 2022 68... View the full answer